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   How often does SCSS interest rate change?

   • SCSS interest rate is reviewed quarterly and is subject to periodic change. Interest is also calculated and credited quarterly. Click here to find out the historical interest rates for Senior Citizen Savings Scheme. SCSS Eligibility Criteria If you fall in the following groups, you are eligible to invest in the Senior Citizen Savings Scheme:

   Senior Citizen Savings Scheme (SCSS) - Paisabazaar.com

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   What is the interest rate for Senior Citizen Savings Scheme (SCSS)?

   • Senior Citizen Savings Scheme interest rates for the 2nd quarter (July-September) of FY 2024-25 is 8.2% p.a. This is one of the highest interest rates offered by a fixed-income small savings scheme. SCSS interest rate is reviewed quarterly and is subject to periodic change. Interest is also calculated and credited quarterly.

   Senior Citizen Savings Scheme (SCSS) - Paisabazaar.com

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   What is the current interest rate applicable to SCSS?

   • The current interest rate applicable to SCSS is 8.2% p.a. This interest rate is applicable from 1st April 2024 until 31st March 2025. The interest will be paid on a quarterly basis. How SCSS works? Here is how an SCSS account works: Open an SCSS account by depositing a minimum amount of Rs.1,000 up to Rs.30 lakh in a single instalment.

   Senior Citizen Savings Scheme (SCSS) - Interest Rate 2024 ... - ClearTax

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   Why is the SCSS scheme useful?

   • Another reason why the scheme is useful is that it acts as a tax-saving instrument for those above 60 years of age. Here is a brief overview of how the SCSS interest rates have varied over the previous years. The SCSS interest rate currently stands at 8.2%. This rate is revised once every 3 months and thus is subject to change four times a year.

   Senior Citizen Savings Scheme (SCSS) Interest Rate - Groww

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2. cleartax.in › s › senior-citizen-savings-schemeSenior Citizen Savings Scheme (SCSS) - Interest Rate 2024 ...

   cleartax.in › s › senior-citizen-savings-scheme

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   Jul 27, 2024 · The current interest rate applicable to SCSS is 8.2% p.a. This interest rate is applicable from 1st April 2024 until 31st March 2025. The interest will be paid on a quarterly basis.

   • Interest Rate: 8.2% p.a.
   • Senior Citizen Savings Scheme (SCSS): Particulars

   • Minimum Investment: Rs 1,000
   • Tenure: 5 years

3. www.paisabazaar.com › saving-schemes › seniorSenior Citizen Savings Scheme (SCSS): Eligibility, Interest ...

   www.paisabazaar.com › saving-schemes › senior

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   Sep 16, 2024 · The current SCSS rate of interest is 8.2% per annum for Q2 FY 2024-25. The SCSS interest rate is reviewed quarterly and is subject to periodic change. Moreover, interest is also calculated and credited quarterly.

   • Online application facility is not available for SCSS. In order to open a SCSS account, the customer must visit the post office or bank branch and...
   • Yes, investments made in SCSS are eligible for income tax deduction benefits under the Section 80C of Income Tax Act, 1961.
   • Any individual, above the age of 60, can open a Senior citizen savings account accompanied by all the required documents.

4. Top stories

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     Will PPF, Senior Citizen Savings Scheme, Sukanya Samriddhi, other post office schemes’ interest rates reduce from October, 2024?

     Interest rates of small savings schemes, barring the Public Provident Fund (PPF), have increased significantly in the last few years. You now get an attractive ...

     The Economic Times

     3 days ago

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5. groww.in › p › savings-schemesSenior Citizen Savings Scheme (SCSS) Interest Rate - Groww

   groww.in › p › savings-schemes

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   The SCSS interest rate currently stands at 8.2%. This rate is revised once every 3 months and thus is subject to change four times a year. The Reserve Bank of India’s Monetary Planning Committee meets at periodic intervals, and the rates of interest applicable are drawn up based on prevailing economic conditions.

   • Interest Rate: 8.2% pa
   • Maximum Investment: Rs 30 Lakhs

   • Maturity Tenure: 5 Years
   • Minimum Investment: Rs 1000

   • No. Under existing laws, any retired military personnel under 50 years of age may also avail the many benefits of an SCSS account. The age bar is h...
   • There is no time pre-set for such changes. The Monetary Policy Committee of the RBI meets four times a year - at intervals of 3 months. Usually, th...
   • The account holder can opt for anyone to become the nominee, but only spouses can be joint account holders.
   • There are no rules on which any upper age limits for investment in SCSS can be based. One, however, needs to be 60 years of age.
   • Yes, investments in SCSS qualify for income tax deductions under Section 80C of the Income Tax Act of 1961.

6. Videos

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     Senior Citizens Savings Scheme (SCSS) | Interest Rate | Tax Calculation | Benefits

     15 Oct 2020

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     SCSS Calculator, Interest Rate & Features | Senior Citizen Saving Scheme EXPLAINED

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     SCSS Post Office Scheme 2024 | Senior Citizen Saving Scheme - Best Interest Rate, Tax Benefits

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7. cleartax.in › s › scss-calculatorSenior Citizens Savings Scheme (SCSS) Calculator - ClearTax

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   The current interest rate for SCSS is 8.20%. Plan Early and Get ahead for next year’s savings. Use Tax Calculator and get your taxes estimates in mins as per new budget. Calculate Now. Features of SCSS.

8. www.sbi.co.in › web › student-platformSenior Citizens' Savings Scheme (SCSS) Interest/ Maturity ...

   www.sbi.co.in › web › student-platform

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   Mar 26, 2024 · Show More. SCSS Calculator. Enter Deposit Amount (in rupees):* Current Rate of Interest (%):* Terms (in years): * *Interest amount shown here is indicative only. Subject to change based on interest rate advised by Govt. from time to time. Last Updated On : Tuesday, 26-03-2024.

9. groww.in › senior-citizen-savings-scheme-scssSenior Citizen Savings Scheme (SCSS) 2024 - Interest ... - Groww

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   High Rates of Interest: SCSS offers high-interest rates on the principal sum. How to Open an Account under the Senior Citizen Savings Scheme? An SCSS account can be opened with a post office or any of the private or public banks in India.

10. economictimes.indiatimes.com › wealth › investSenior Citizen Savings Scheme (SCSS) offers 8.2% interest ...

    economictimes.indiatimes.com › wealth › invest

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    Jan 19, 2024 · The government fixes the interest rate on SCSS every quarter. The government has not hiked the interest rate on SCSS for the January-March 2024 quarter. The account holders can earn interest at the rate of 8.2% on their deposits. The interest is payable every quarter and is fully taxable. Where can one open SCSS account